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Global Cloud Identity and Access Management Industry is set to Boom in Future
QYResearchReports
The rising demand for cloud identity and access management market from the banking, financial services, and insurance sector is the primary factor driving the global market. In addition, the use of these services for credit card-related functions, prevention of frauds in online transactions, and insurance claims is expected to bolster global cloud identity and access management market. The growing awareness among diverse industries regarding the benefits of these services is estimated to accelerate market growth in the next few years.
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The global market for cloud identity and access management has been categorized on the basis of application into large enterprise and small and medium businesses. Furthermore, on the basis of product type, the market has been classified into password management, single sign-on (SSO), user provisioning, directories, and access management. The market share, size, and the estimated growth rate of each segment have been included in the research report in order to provide a clear picture of the market.
Furthermore, the global cloud identity and access management market has been divided on the basis of geography into North America, Europe, Southeast Asia, Japan, India, and China. Among these, North America is likely to lead and hold a key share of the global market throughout the forecast period. The growing adoption of cloud identity and access management solutions in large enterprises, government organizations and small and medium businesses is the primary factor fuelling the growth of the cloud identity and access management market in North America.
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The global cloud identity and access management market is developing at a robust rate and is expected to witness high competition throughout the forecast period. The leading players in the market are focusing on enhancing their market penetration in order to attain a dominant position in the market. The regional players in the market are competing with the leading players on the basis of federated access control and SSO, user account management, and subscription pricing.
The prominent players operating in the global market for cloud identity and access management include CA Technologies, Ping Identity Corporation, Okta, IBM Corporation, Intel Corporation, Onelogin Inc., Centrify Corporation, Sailpoint Technologies Inc., Dell Inc., EMC Corporation, and Microsoft Corporation. To provide a comprehensive overview, the research study has highlighted the product portfolio, financial status, business policies, and SWOT analysis.
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